NEW VEKAMA: what changed
NEW VEKAMA
Largest movements
- Tangible fixed assets +€5,588
up €5,588 (+97.4%), from €5,734 to €11,322
of which Plant, machinery and equipment: +€6,776
- Cash +€1,472
up €1,472 (+2.2%), from €65,847 to €67,319
mainly Net result for the year (+€10,423) and Depreciation (+€2,017)
- Profit (loss) carried forward +€10,423
up €10,423 (+45.2%), from €23,055 to €33,478
- Trade debts -€2,206
down €2,206 (-68.5%), from €3,222 to €1,016
- Gross operating margin +€6,149
up €6,149 (+87.7%), from €7,011 to €13,160
- Other operating charges -€935
down €935 (-59.2%), from €1,579 to €644
- Financial charges -€670
down €670 (-78.2%), from €857 to €186
- Depreciation +€629
up €629 (+45.3%), from €1,389 to €2,017
- Staff costs -€566
down €566 (-100%), from €566 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €110,673 | €117,908 | +€7,235 | +6.5% |
| Fixed assets | 21/28 | €5,734 | €11,322 | +€5,588 | +97.4% |
| Tangible fixed assets | 22/27 | €5,734 | €11,322 | +€5,588 | +97.4% |
| Plant, machinery and equipment | 23 | €700 | €7,476 | +€6,776 | +968% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €5,034 | €3,846 | -€1,188 | -23.6% |
| Current assets | 29/58 | €104,938 | €106,586 | +€1,648 | +1.6% |
| Amounts receivable within one year | 40/41 | €39,028 | €39,202 | +€174 | +0.4% |
| Trade receivables | 40 | €39,028 | €39,194 | +€167 | +0.4% |
| Other amounts receivable | 41 | - | €7 | +€7 | |
| Cash at bank and in hand | 54/58 | €65,847 | €67,319 | +€1,472 | +2.2% |
| Deferred charges and accrued income | 490/1 | €64 | €65 | +€1 | +2.0% |
| Total equity and liabilities | 10/49 | €110,673 | €117,908 | +€7,235 | +6.5% |
| Equity | 10/15 | €85,890 | €96,313 | +€10,423 | +12.1% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €42,385 | €42,385 | = | 0.0% |
| Distributable reserves | 133 | €42,385 | €42,385 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,055 | €33,478 | +€10,423 | +45.2% |
| Amounts payable | 17/49 | €24,782 | €21,594 | -€3,188 | -12.9% |
| Amounts payable within one year | 42/48 | €24,782 | €21,594 | -€3,188 | -12.9% |
| Trade debts | 44 | €3,222 | €1,016 | -€2,206 | -68.5% |
| Suppliers | 440/4 | €3,222 | €1,016 | -€2,206 | -68.5% |
| Taxes, remuneration and social security | 45 | €3,651 | €2,964 | -€687 | -18.8% |
| Taxes | 450/3 | €3,651 | €2,964 | -€687 | -18.8% |
| Other amounts payable | 47/48 | €17,909 | €17,614 | -€294 | -1.6% |
| Non-recurring operating income | 76A | €4,686 | €0 | -€4,686 | -100% |
| Remuneration, social security and pensions | 62 | €566 | €0 | -€566 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,389 | €2,017 | +€629 | +45.3% |
| Other operating charges | 640/8 | €1,579 | €644 | -€935 | -59.2% |
| Gross operating margin | 9900 | €7,011 | €13,160 | +€6,149 | +87.7% |
| Operating profit (loss) | 9901 | €3,477 | €10,499 | +€7,022 | +202% |
| Financial income | 75/76B | €3 | €111 | +€108 | +3,438% |
| Recurring financial income | 75 | €3 | €111 | +€108 | +3,438% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €857 | €186 | -€670 | -78.2% |
| Recurring financial charges | 65 | €857 | €186 | -€670 | -78.2% |
| Profit (loss) for the period before taxes | 9903 | €2,623 | €10,423 | +€7,800 | +297% |
| Income taxes | 67/77 | €233 | €0 | -€233 | -100% |
| Profit (loss) for the period | 9904 | €2,390 | €10,423 | +€8,032 | +336% |
| Profit (loss) for the period to be appropriated | 9905 | €2,390 | €10,423 | +€8,032 | +336% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.